LCL 11.1% 1.0¢ lcl resources limited

good news (that we already know), page-44

  1. 127 Posts.
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    It's the obvious question to ask. The most (if not only) logical answer is that Barrick were pursuaded of the value in Metminco's Chilean assets as well as the other LC tenements that it had no buy back option over.

    If so, then the agreement just announced is a stunning endorsement by Barrick of Metminco's future prospects. Such endorsement is compelling given that few others outside of the company would better know Metminco and the true (or at least likely) value of its assets.
 
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